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23902 48th Avenue WMountlake Terrace, WA 98043Price: $895,000

  • Price: $895,000
  • Est. Mortgage of $/month
  • 38 Days on Market
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Federal 30-year interest rate: 6.24% last updated on Nov 13, 2025
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $895,000List Price
  • 4Bedrooms
  • 2Bathrooms
  • 0.38Acreage
  • 1,866Square Feet
Listed by Barry Andersen of Windermere Real Estate Co.
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DEVELOPER'S DREAM Prime 16,500 sq. ft. corner lot in Mountlake Terrace offering three potential building parcels, each eligible for two residences under the city's newly adopted development ordinance. The property has already been surveyed, with a Geotechnical Evaluation and two preliminary site designs available-illustrating flexible three-parcel configurations. An existing 4-bedroom, 2-bath, 1,866 sq. ft. home sits on the property and could be revitalized while pursuing subdivision or redevelopment. Whether you're looking to build multiple new homes, phase your project, or leverage the corner lot visibility, this property delivers exceptional potential and value in one of the region's now most development-forward cities.

Property Details of 23902 48th Avenue W

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Listing data courtesy of NWMLS as provided by MLS Grid as of November 16, 2025 1:01 PM EST . All data is obtained from various sources and has not been, and will not be, verified by broker or NWMLS. All information should be independently reviewed and verified for accuracy.  Properties may or may not be listed by the office/agent presenting the information. Supplied Open House Information is subject to change without notice. Many homes contain recording devices, and buyers should be aware they may be recorded during a showing. Listing data shown with the three tree icon are provided courtesy of NWMLS. Some IDX listings have been excluded from this website. IDX information is provided exclusively for consumers’ personal non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.  The data is deemed reliable but is not guaranteed.

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